Post
Topic
Board Speculation
Re: Road to 100k?
by
stomachgrowls
on 24/04/2024, 18:47:09 UTC

Some use all their funds to start up and hoping to get something in return like a larger amount just to feel among, 75% of this crazy investment do not work for some but it does for some. When people sell BTC these are the cause, I'm saying this because they seem to forget that having a plan B is important in every investment.
And since they can't predict the next move of Bitcoin price it put them in a confused state and some can decide to withdraw something less than the start up amount let it be that they get something to hold on to, no need to blame those withdrawing because they don't have much patience.
This is why it is adviced to invest funds that you willing to loss to prevent emotional battles with market trend
DCA should be done. With spare money not full capital or money for emergency.
You can reduce your everyday expenses and set outside some for investment and another for emergency savings.
The amount a person uses for DCA varies based on their situations
Imo, going "all in" when investing in Bitcoin is not advisable doing such can cause mental breakdown and lead to selling in loss when there's need to use some of the funds or Bitcoin bears has finally gotten to the persons head.
One of the main challenges when it comes on investing to crypto on which it isnt really just that limited to Bitcoin but also in other coins as well is that you would really be needing to have that good control when it comes into your emotion on which this one would really be primarily the one will really be stirring up your earlier plans or analysis and would really be off rail on which this would really be a common approach.
We do knwo that this market would really be a roller coaster ride on which it would really be just that something that will also playing up with your emotions.

DCA is something that would really be recommended but of course it would really be basing up into ones capacity since not all would really be that good when it comes to this on where there would really be
those traders/investors who would really be that afraid on doing so because of such manner. $100k is inevitable but we dont really know on when it would happen and this is where
people would really be always throwing out on those numbers that we dont even know if its realistic or not for a short period of time.